Raymond James Weighs in on Kinross Gold Co.’s FY2025 Earnings (NYSE:KGC)

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Raymond James upped their FY2025 EPS estimates for Kinross Gold in a research report issued on Tuesday, September 10th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.51 per share for the year, up from their prior estimate of $0.50. The consensus estimate for Kinross Gold’s current full-year earnings is $0.58 per share.

KGC has been the topic of several other reports. CIBC boosted their price objective on shares of Kinross Gold from $8.15 to $12.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. BMO Capital Markets boosted their price target on Kinross Gold from $10.00 to $11.50 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on Kinross Gold from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Finally, Scotiabank boosted their target price on Kinross Gold from $9.50 to $11.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.33.

Kinross Gold Stock Performance

Shares of KGC stock opened at $9.78 on Thursday. The company has a market capitalization of $12.01 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 0.48 and a beta of 1.23. Kinross Gold has a 52 week low of $4.32 and a 52 week high of $9.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.27. The company’s 50 day moving average price is $8.89 and its two-hundred day moving average price is $7.54.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Kinross Gold had a return on equity of 9.32% and a net margin of 10.91%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. Kinross Gold’s dividend payout ratio is 33.33%.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors and hedge funds have recently made changes to their positions in KGC. Van ECK Associates Corp raised its position in Kinross Gold by 9.5% during the first quarter. Van ECK Associates Corp now owns 150,960,083 shares of the mining company’s stock worth $925,392,000 after acquiring an additional 13,099,791 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kinross Gold by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 45,429,935 shares of the mining company’s stock valued at $278,486,000 after purchasing an additional 497,531 shares during the last quarter. Norges Bank bought a new position in Kinross Gold during the fourth quarter worth about $265,327,000. Ruffer LLP increased its position in Kinross Gold by 4.6% during the fourth quarter. Ruffer LLP now owns 19,968,341 shares of the mining company’s stock worth $120,908,000 after buying an additional 877,104 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Kinross Gold by 7.9% in the first quarter. Boston Partners now owns 18,226,824 shares of the mining company’s stock valued at $111,730,000 after buying an additional 1,328,372 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.